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Finance

EU to gut the principle of sustainable taxonomy with inclusion of nuclear and gas

The EU’s Sustainable Taxonomy was intended to complement the Green Deal, provide investors with certainty about the sustainability of their investments, and help channel billions into sustainable, low-carbon processes and technologies. Despite input from experts and NGOs, the inclusion of gas and nuclear power just proposed by the Commission suggests that, once again, politics is trumping science.

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Chinese solar developer suspends trading in stock

Heavily-indebted Shunfeng International could be set for another big sell off of solar assets as it tries to pay down a near-$300 million overdue debt pile.

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Stepping UP in 2021: #3 Sustainable electricity and corporates’ critical solar role

Despite the global Covid-19 pandemic and recession, corporate purchases of clean energy are booming. Several factors are driving this trend, including falling costs, a heightened appetite for sustainability among consumers and investors, and increased political will for net-zero development. In recognition of this, the UP Initiative spent Q3 2021 investigating sustainable electricity supply. How are PPA models evolving? What are the critical issues around residual energy? And how can greenwashing be avoided? Read on to discover more.

PV module price index: The price spiral winds up

The title of Martin Schachinger’s October market commentary was “Module prices set to rocket back to 2019 levels.” This month, he writes that prices have already reached December 2018 levels and notes that there is no reversal in sight. Prices for all module technologies have once again risen by an average of 3 percentage points since last month.

Guggenheim Solar Index: Two sides to PV import tariffs

Solar stocks underperformed the broader markets in November, writes Jesse Pichel of ROTH Capital Partners. This is in large part thanks to uncertainty coming from the United States, where the Court of International Trade reinstated an exemption from import tariffs for bifacial modules – a decision that will likely see an appeal.

World Bank $500m loan to modernize Bangladeshi grid

Investment is required so electricity distribution networks can be upgraded to keep pace with an explosion in generation capacity over the last decade, and to harness the potential of renewables and energy storage.

EU to rule on planned Canadian investment in Spanish rooftop business

The European Commission has called for submissions from parties with an interest in a proposed investment in Powen by Brookfield.

EU approves renewables incentives for Greek islands

The European Commission has given its seal of approval to a government program which will drive an estimated 264 MW of solar and wind capacity across 47 islands while they await connection to the mainland grid.

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Latvian plan to exempt big energy consumers from renewables surcharge approved by EU

The Baltic state has offered energy-intensive, international-facing industries up to an 85% discount on a surcharge levied on electricity consumers since May 2017 and made the scheme wider ranging this year, in a move approved by the European Commission.

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Financial close for Mozambique’s first solar-plus-storage project

Anglo-Norwegian public funding body Globeleq has said the 19 MWp/2MW-7 MWh Cuamba project will be supplying electricity during the second half of next year.

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